When selling a business, one of the biggest impacts on the sales process will be whether you choose to employ the services of a business broker or navigate the sale yourself. Remember, though, not all business brokers are created equal. Here are four important questions to ask a business broker before you commit. 1. How will you protect my confidentiality? …
Selling a business can be one of the biggest decisions you will make in life, so it is wise to investigate the best way to do it. Simply put, working with a reputable business broker is the best way to sell your business. Business brokers can help you find the right buyer, navigate the selling process, and achieve the best …
With the start of a new year comes the opportunity to dream new dreams, set new goals, and revisit old ones. For many, the dream of owning your own business moves back to the forefront of your goals, asking for the attention it deserves. Often though, this stirs up more questions than answers – the first being, “Is it a …
For additional industry-specific insight and information, visit our page of Selling Tips & Business Valuation Multiples by Industry. Challenges of the Times Revenue Method It is important to acknowledge that revenue (even recurring revenue) does not necessarily translate to profit, and likewise, an increase in revenue does not automatically equate to an increase in profit. Thus, the main challenge in …
This much is clear: defining Key Performance Indicators (KPIs) for your business is essential. What is less clear: identifying which performance indicators are indeed key for your particular business. There are many useful KPIs, and we believe there is one KPI in particular that will benefit every business owner, regardless of industry, location, or size. Identifying KPIs The most successful …
If you are a boat dealer considering an exit, there are several factors to consider. On a high level, the following tips apply to any owner looking to sell a business, regardless of industry or location. Read on for our top 3 business-selling tips tailored for boat dealership owners. 3 Tips for Selling a Boat Dealership 1. Consider Timing Considering …
Year-end is fast approaching. If you are considering selling your business anytime in the next 2-3 years, it’s time to reconsider how you manage your end-of-year business income and spending. For good or bad, year-end tax planning for business owners can have a significant impact on the selling price and net proceeds of a future sale — even if that’s …
Few things are more frustrating to me than starting a weekend DIY project, tearing something apart, and then realizing I don’t have the time or the skills to finish the job properly. Have you been there? That feeling came to mind recently when I took a call from a business owner who had already marketed his company and had received …
Viking Mergers and Acquisitions of Tampa, FL., announces the acquisition of International Fleet Solutions Inc by Ronald Martin, former Senior Engineering Manager for Honeywell Analytics. Founder Tracy Thrall established International Fleet Solutions in 2011. Services offered include automotive paintless dent repair (PDR). The company serves large automotive dealerships, rental car companies and corporations with large fleets of vehicles. Their extensive client base includes Hertz, …
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